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Ron's Blog

 

October is an amazing time of year in the Daytona Beach area.  It’s not too hot, not too humid, and there are so many activities to enjoy! Fall festivals are popping up everywhere, there are amazing fundraising events taking place, and of course bikers rumble into town to take part in the annual Biketoberfest.  Make sure to explore all the incredible local events taking place in Daytona Beach and the surrounding areas this month!

Port Orange Family Days

October 4-7

Join in the fun at the 2018 Port Orange Family Days at City Center.  Free Parking, Admission and Entertainment.  There is sure to be something for everyone! The festivities kick off on Thursday, October 4th, 4:00 – 10:00 p.m., and continue Friday 5:00 – 11:00 p.m.,

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After two months of sliding sales, the number of single family homes sold around the greater Daytona Beach area rose dramatically in August.

For the month ending on August 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 476 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,750. It amounts to a 10 percent increase in sales compared to the same month last year, and it’s a 4 percent rise in sales totals compared to July. Year to date, sales are up by 3 percent.

Median sales prices rose slightly, by 2 percent, compared to August 2017. And MLS reports show there was a similar gain in monthly comparisons. Year to date, median sales prices remain 7.3 percent

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Real estate and financial market experts are predicting a shift in the real estate markets in Florida and around the nation. That means now is a great time to take stock of where we are and how far we've come this year. 

Here's a look at how home prices have been doing around the US....

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Here are five reasons why listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of

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Condo sales around the greater Daytona Beach area held steady in August, as prices rose in annual comparisons. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 155 condo units sold around the Daytona Beach area in August. That’s just a few sales shy of the 158 units sold in August 2017.  Similar to last year’s trend, MLS data shows a spike in August condo sales, compared to July. Condo sales were up by 12 percent in August, compared to the month prior. The reports also offered good news for Daytona condo owners’ home values as median sales prices climbed 8.3 percent to $242,000 over August 2017. Meanwhile, median prices were up by a hearty 27 percent, compared to July.

Year to date, median

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For the second consecutive month, single family home sales fell around the greater Daytona Beach area in July.

For the month ending on July 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 457 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $224,700. It amounts to a 4.7 percent decrease in sales compared to the same month last year, and a 4 percent drop in sales totals from June.

Median sales prices rose slightly, by 2 percent, compared to June. And MLS reports show there was a 5 percent gain in annual comparisons. Year to date, home sales are up by a marginal 1 percent, while median sales prices remain 7.8 percent higher than the first seven months of

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Daytona Area Events in September

 

 

September signifies the end of summer and beginning of a hectic fall schedule for most.  Don’t forget to have some fun along the way! There are many fun activities in Daytona Beach and the surrounding areas to fill in any free time you may find yourself with. From dinosaurs, to movie events, to festivals, there is something for everyone!

Jurassic Quest Dinosaur Show

September 1, 2, & 3

Visit the Daytona Beach Ocean Center on September 1st – 3rd, 9:00 a.m. – 8:00 p.m. to experience the Jurassic Quest Dinosaur Show.  Come see living, breathing, walking dinosaurs, as well as science stations, crafts, face painting, bounce houses and more. This event is open to the public but will require a

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Condo sales around the greater Daytona Beach area were up last month, as prices remained strong. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 138 condo units sold around the Daytona Beach area in July. That’s an increase of 11 percent over July 2017, when 124 condo units were sold.  Similar to last year, MLS data shows condo sales were slower in July than the month prior. The reports also offered good news for Daytona condo owners as median sales prices climbed 4 percent over June and the figures held steady in year-over-year comparisons.

Year to date, median sales prices are up by more than 8 percent as total condo sales sit just slightly below the number of units sold during the first

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Home buyers around the greater Daytona area continue to find themselves in bidding wars and local sellers are still seeing offers at or above list price. But that's about to end. 

Major news outlets are reporting that hot housing markets in areas like California, Seattle, and Texas have slowed dramatically and the numbers are headed toward what a Bloomberg article recently called the "broadest slowdown in years."

"This could be the very beginning of a turning point," Robert Shiller, a Nobel Prize-winning economist known for predicting dot-com and housing bubbles, told Bloomberg in an interview. 

The Numbers

Nationally, home sales have dropped for the past three months and new home purchases were moving at the slowest pace in eight months,

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The sun is blazing, families are fitting in the rest of their summer vacation activities and soon school will be back in session.  Take a moment and see all the fun events happening in our local area as we dive into the month of August.

Free Movies at Paragon Theaters

August 1, 2, 7, 8, & 9

Visit the Paragon Ocean Walk Theater on Tuesday, Wednesday, and Thursday this summer for free kid’s movies.  On August 1st and 2nd the movie showing will be “Home” and on August 7th, 8th and 9th the movie will be “Prince of Egypt”.  The tickets and seating are first come, first serve and tickets are not available in advance.  Doors open 15 minutes before movie time and movies begin at 10:00 a.m.  For more information visit

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